The Board of The Income & Growth VCT plc (''the Company') announced that, due to personal circumstances, Colin Hook is stepping down from his role as Chairman of the Board and as a director of the Company with immediate effect. The company announced the appointment of Jonathan Cartwright, currently Independent Non-Executive Director and Chairman of the Audit Committee and Nomination and Remuneration Committee, as Chairman of the Board with immediate effect. As announced in the Company's previous Annual Report, the Board has been considering a succession plan and has engaged in a recruitment process to appoint an additional independent non-executive director. In light of the Chairman stepping down, this has now been accelerated, and the Board will make a further announcement in due course.